Question

What advantage does a mixed economy have over a purely market capitalist economy?

Answer 1

A mixed economy has all the advantages of a market economy. First, it distributes goods and services to where they are most needed. It allows prices to measure supply and demand. Second, it rewards the most efficient producers with the highest profit.

Answer 2

The Advantages of a Mixed Economy is discussed below.

Step-by-step explanation:

The Advantages of a Mixed Economy

• A mixed economy authorizes individual cooperation in generation, which in appearance enables healthful opposition that can appear in advantage.
• It also provides common ownership in production, which can mark social welfare requirements.
• A mixed economy allocates assets and assistance to where they necessitate.